Profit of Azerbaijan's banking sector increased to 884 mln manats

Profit of Azerbaijan's banking sector increased to 884 mln manats
  • Clock-gray 20:19
  • calendar-gray 02 February 2018

As of January 1, 2018 net profit of the banking sector was 883.6 mln. Azerbaijani manat, APA-Economics reports.

 

According to the report released by the Financial Markets Supervision Chamber, last year banks' interest income amounts to $ 1 billion 775.2 million manat, interest expenses - 824.9 million manat.. Last year, the banks’ interest income was 1 bln. 282.7 mln. Azerbaijani manat

 

During the reporting period, 26.5 million manats was spent to create special reserves for possible losses on assets.

Ceyhun Aliyev

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